Citizens Financial Services executive vice president sells shares for $1,452

LeeAnn Gephart, Executive Vice President of Citizens Financial Services (OTC:CZFS) Inc. (NASDAQ:CZFS), a $288 million market cap regional bank, recently sold a portion of her holdings in the company. According to InvestingPro data, CZFS shares have gained nearly 30% over the past six months, trading at an attractive P/E ratio of 10.7x. According to a filing with the Securities and Exchange Commission, Gephart sold 21 shares of common stock at a price of $69.19 per share, totaling $1,452. Following this transaction, she retains direct ownership of 579 shares. The transaction was executed on February 3, 2025, and was signed by Gina Marie Boor under a power of attorney. InvestingPro analysis reveals the company has maintained dividend payments for 32 consecutive years, with a current yield of 3.2%. Subscribers can access 5 additional ProTips and comprehensive financial metrics at InvestingPro.

In other recent news, Citizens Financial Services Inc . has secured change in control agreements with two key executives, according to a recent SEC filing. The agreements involve Senior Executive Vice President David Z. Richards, Jr., and Chief Financial Officer Stephen J. Guillaume. These agreements serve as a protective measure for senior management, ensuring stability within the company’s leadership during potentially turbulent times.

In addition, the company has announced its 2025 annual meeting of shareholders, scheduled for April 15, 2025. The announcement was made through an 8-K filing with the Securities and Exchange Commission (SEC), in accordance with SEC regulations.

These are recent developments for Citizens Financial Services Inc., reflecting both strategic moves to protect its leadership and its commitment to maintaining open communication with its shareholders. It is important to note that these developments do not indicate any changes that could affect the company’s operations or financial status. Further details about the annual meeting’s agenda and any shareholder proposals will likely be provided closer to the meeting date in 2025.

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